Form 4: AAT Executive Chairman Sells Shares

American Assets Trust Executive Chairman Ernest S. Rady reported the disposition of 2,778 shares of common stock.

Summary

• Ernest S. Rady, Executive Chairman, Director, and 10% Owner of American Assets Trust, Inc. (AAT), reported a transaction on December 2, 2025.
• Rady disposed of 2,778 shares of AAT common stock at a price of $0 per share.
• Following this transaction, Rady directly holds 105,556 shares, comprising 66,680 shares in his IRA and 38,876 shares held directly.
• Rady also maintains significant indirect beneficial ownership of 12,777,527 shares through various entities including Ernest Rady Trust U/D/T March 10, 1983 (7,825,689 shares), American Assets, Inc. (2,267,022 shares), Insurance Company of the West (1,275,336 shares), Rady Foundation (1,009,021 shares), Explorer Insurance Company (200,000 shares), and Evelyn Shirley Rady Trust U/D/T March 10, 1983 (100,459 shares).
• Rady disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 4

Explanation: The disposition of a small number of shares by a key insider at a $0 price suggests a non-market transaction (e.g., gift, tax-related transfer) rather than a sale for cash. While it reduces direct beneficial ownership, the nature and size of the transaction make it less impactful than a significant market sale, leading to a slightly negative to neutral sentiment.

Negatives

• The disposition of shares by a key insider, even if a non-market transaction, reduces their direct ownership in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may perceive the insider disposition as a minor negative signal, although the $0 transaction price indicates it was likely not a market sale for profit.

Key Dates

Keywords

American Assets Trust, AAT, Ernest S. Rady, Insider Transaction, Form 4, Stock Disposition, Executive Chairman, Real Estate Investment Trust, REIT